CollectionsRalston Purina
IN THE NEWS

Ralston Purina

FEATURED ARTICLES
BUSINESS
July 14, 1987 | By ROBIN PALLEY, Daily News Staff Writer
Ralston Purina has agreed to sell its Drake Bakeries subsidiary to a private group led by Drake management - a move that should ensure a continued healthy slice of the snack cake market for Tastykake. Drake had given Ralston indigestion almost from the start: Right after Ralston announced last July that it had agreed to buy Drake from Borden, Tasty Baking Co., parent company of Tastykake, filed suit in federal court to block the purchase. Tasty argued that merging Drake with Ralston's Continental Baking subsidiary, the company behind the Twinkee and other Hostess cakes and pies, would combine Tasty's two top competitiors and could create a monopoly that would pose a "clear threat to free and open competition.
BUSINESS
October 4, 1986 | By Ewart Rouse, Inquirer Staff Writer
A dogfight between two of the nation's largest pet-food makers moved into federal court yesterday, with Alpo Petfoods Inc., accusing Ralston Purina Co. of using deceptive advertising to get a bigger bite of the $5.4 billion pet- food market. The ads in question state that Ralston Purina's newly reformulated Puppy Chow prevents or lessens the occurrence of canine hip dysplasia (CHD), or hip joint laxity. CHD results from an instability within the ball-and-socket joints of a dog's hips that causes the hip bones to pull apart as the dog grows.
NEWS
January 24, 1987 | By ROBIN PALLEY and JIM SMITH, Daily News Staff Writers
What do you get when you cross a Hostess Twinkie with a Drake's Cake? A federal court order more than 60-pages thick that will give Ralston Purina indigestion. U.S. District Judge John P. Fullam yesterday ordered Ralston Purina, which owns Hostess' parent company and in July bought Drake Baking Co. from Borden, to divest itself of Drake. Hostess and Drake are the two chief competitors of Tasty Baking Co., of Philadelphia, makers of Tastykakes. After hearing arguments that the combination of the two snack-food giants would create a monopoly, threatening Tasty's ability to compete, the judge wrote, "The public has good reason to fear the consequences of defendant's acquisition.
BUSINESS
August 22, 1986 | By James Asher, Inquirer Staff Writer
The Tasty Baking Co. filed a federal lawsuit yesterday seeking to reverse last month's acquisition of Drake Bakeries by the Ralston Purina Co., alleging that the purchase creates a regional monopoly. Ralston Purina also owns Continental Baking Co., which sells cakes and pies under the Hostess label. The suit, filed in U.S. District Court here, charges that the Continental- Drake merger would create the largest manufacturer and distributor of snack pies and cakes on the East Coast and in the nation.
BUSINESS
August 22, 1986 | By ROBIN PALLEY, Daily News Staff Writer
Tasty Baking Co. has filed suit in federal court to block the combination of Drake's Cakes and Hostess products, two of its chief competitors, into one company that Tasty officials say would be a monopoly and a "clear threat to free and open competition. " Tasty is asking a judge to delay Ralston Purina's plan to combine its Continental Baking Co. subsidiary, which markets Hostess cakes and pies and is the largest baking company in the nation, with Drake Bakeries. The delay would allow time for the courts to weigh the legality of the merger.
NEWS
April 2, 1989 | By Burr Van Atta, Inquirer Staff Writer
Despite a full-blown save-the-bakery movement, it appears that Pittsburgh's Braun Baking Co. will be closed and its jobs transferred to a plant in Northeast Philadelphia. Efforts by church, civic and labor groups in Pittsburgh to keep the plant open were rebuffed Wednesday by the Ralston Purina Co. "The decision to close the plant is final," said Cathy Dunkin, a spokeswoman for Ralston Purina, based in St. Louis. "The building and its equipment are completely outdated, and we've got a modern plant in Philadelphia.
BUSINESS
February 26, 1987 | By Barbara Demick, Inquirer Staff Writer
Strange things often lurk in cereal boxes. The usual fare runs the gamut from dish towels, china and model cars to candy, chewing gum and dolls. But lately, manufacturers have upped the ante. In increasingly clamorous efforts to gain attention on the supermarket shelves, cereal companies are spiking their products with jewels and even cash. General Mills has tucked dollar bills into boxes of Cheerios. Procter & Gamble has brought a little bit of Las Vegas to the detergent racks of your local grocery store by putting diamonds inside boxes of Spic and Span.
BUSINESS
November 12, 1986 | By ROBIN PALLEY, Daily News Staff Writer
Tasty Baking president Nelson Harris said yesterday that his company - often mentioned as a potential takeover target - is on the prowl to buy other snack food manufacturers. "We will continue to look for acquisitions that meet our specifications," Harris said yesterday at a meeting of securities analysts at the Warwick Hotel. Harris said a purchase would be part of the company's five-year strategic plan. Tasty has already compiled a list of companies that would meet its requirements.
BUSINESS
February 27, 1987 | By ROBIN PALLEY, Daily News Staff Writer
Tasty Baking Co. has won a skirmish in the snack wars that will temporarily stop its two top competitors from combining into a powerful monopoly that could gobble up Tasty's share of the snack cake market. U.S. District Judge John Fullam yesterday issued an order temporarily preventing Ralston Purina, which owns Hostess and Drake, from combining the two companies, pending a full hearing. Meanwhile, Tasty will post a bond of $1 million to cover any Ralston losses resulting from the delay if the courts eventually allow the merger to proceed.
1 | 2 | 3 | 4 | 5 | Next »
ARTICLES BY DATE
BUSINESS
September 16, 1989 | By Richard Burke, Inquirer Staff Writer
Ralston Purina Co. said yesterday that it had signed a letter of intent to buy Beech-Nut Nutrition Corp., the Fort Washington baby-food maker that two years ago pleaded guilty to selling phony apple juice. Terms of the deal were not disclosed. Elmer D. Richars, spokesman for Ralston, said it could take 60 days to complete the purchase from Beech-Nut's current owner, Nestle S.A. of Switzerland. Beech-Nut officials would not comment on the deal. In purchasing Beech-Nut, Ralston would be making a significant addition to its line of pet foods and baked goods.
NEWS
April 2, 1989 | By Burr Van Atta, Inquirer Staff Writer
Despite a full-blown save-the-bakery movement, it appears that Pittsburgh's Braun Baking Co. will be closed and its jobs transferred to a plant in Northeast Philadelphia. Efforts by church, civic and labor groups in Pittsburgh to keep the plant open were rebuffed Wednesday by the Ralston Purina Co. "The decision to close the plant is final," said Cathy Dunkin, a spokeswoman for Ralston Purina, based in St. Louis. "The building and its equipment are completely outdated, and we've got a modern plant in Philadelphia.
BUSINESS
July 14, 1987 | By Richard Burke, Inquirer Staff Writer
Ralston Purina Co., the $6 billion food and feed conglomerate, announced yesterday that it had signed an agreement to sell its Drake Bakeries Inc. subsidiary to a group of private investors. The sale of Drake, scheduled to be completed in 45 days, appears to be a major victory for Philadelphia's Tasty Baking Co., which filed a suit against Ralston in federal court last year to block the company's acquisition of Drake, saying it was a violation of antitrust statutes. But while the divestiture of Drake would mark the end to almost a year of litigation in the case, an attorney for Tasty said yesterday he would "remain cautious" until the sale is final.
BUSINESS
July 14, 1987 | By ROBIN PALLEY, Daily News Staff Writer
Ralston Purina has agreed to sell its Drake Bakeries subsidiary to a private group led by Drake management - a move that should ensure a continued healthy slice of the snack cake market for Tastykake. Drake had given Ralston indigestion almost from the start: Right after Ralston announced last July that it had agreed to buy Drake from Borden, Tasty Baking Co., parent company of Tastykake, filed suit in federal court to block the purchase. Tasty argued that merging Drake with Ralston's Continental Baking subsidiary, the company behind the Twinkee and other Hostess cakes and pies, would combine Tasty's two top competitiors and could create a monopoly that would pose a "clear threat to free and open competition.
BUSINESS
April 25, 1987 | By Richard Burke, Inquirer Staff Writer (Inquirer staff writer Charles V. Zehren contributed to this article.)
Ralston Purina Co., the $6 billion conglomerate locked in an antitrust suit with Philadelphia's Tasty Baking Co., has hired Morgan Guaranty Trust to study the possible sale of its Drake Bakeries unit. The move comes three months after a federal judge in Philadelphia ruled that Ralston had illegally tried to monopolize the $1 billion snack-cake industry when it bought Drake in July. Ralston last week appealed the ruling of U.S. District Judge John P. Fullam that keeps Ralston from integrating Drake into its other baking company, Continental Baking Co. Patrick T. Farrell, a spokesman for the St. Louis-based corporation, said yesterday that the appointment of Morgan Guaranty would not affect the appeal and that Ralston would continue its efforts to overturn Fullam's ruling.
BUSINESS
February 27, 1987 | By ROBIN PALLEY, Daily News Staff Writer
Tasty Baking Co. has won a skirmish in the snack wars that will temporarily stop its two top competitors from combining into a powerful monopoly that could gobble up Tasty's share of the snack cake market. U.S. District Judge John Fullam yesterday issued an order temporarily preventing Ralston Purina, which owns Hostess and Drake, from combining the two companies, pending a full hearing. Meanwhile, Tasty will post a bond of $1 million to cover any Ralston losses resulting from the delay if the courts eventually allow the merger to proceed.
BUSINESS
February 26, 1987 | By Barbara Demick, Inquirer Staff Writer
Strange things often lurk in cereal boxes. The usual fare runs the gamut from dish towels, china and model cars to candy, chewing gum and dolls. But lately, manufacturers have upped the ante. In increasingly clamorous efforts to gain attention on the supermarket shelves, cereal companies are spiking their products with jewels and even cash. General Mills has tucked dollar bills into boxes of Cheerios. Procter & Gamble has brought a little bit of Las Vegas to the detergent racks of your local grocery store by putting diamonds inside boxes of Spic and Span.
BUSINESS
February 12, 1987 | By Richard Burke, Inquirer Staff Writer
Ralston Purina Inc., which lost a major court ruling last month in its antitrust battle with Tasty Baking Co., said in court papers filed this week that it was "giving serious consideration" to divesting itself of a leading competitor to Tasty. Such an action would be a momentous victory for Philadelphia-based Tasty and would mark the end of a legal struggle that began in July when a Ralston Co. subsidiary, Continental Baking Co., which markets Hostess snack cakes and pies, purchased Drake Bakeries for $115 million.
NEWS
January 24, 1987 | By ROBIN PALLEY and JIM SMITH, Daily News Staff Writers
What do you get when you cross a Hostess Twinkie with a Drake's Cake? A federal court order more than 60-pages thick that will give Ralston Purina indigestion. U.S. District Judge John P. Fullam yesterday ordered Ralston Purina, which owns Hostess' parent company and in July bought Drake Baking Co. from Borden, to divest itself of Drake. Hostess and Drake are the two chief competitors of Tasty Baking Co., of Philadelphia, makers of Tastykakes. After hearing arguments that the combination of the two snack-food giants would create a monopoly, threatening Tasty's ability to compete, the judge wrote, "The public has good reason to fear the consequences of defendant's acquisition.
1 | 2 | Next »
|
|
|
|
|